Selbyville, Delaware According to the research report titled ‘Automotive Fastener Market Size By Product, By Materials, By Characteristic, By Distribution, By Application Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026‘, available with Market Study Report LLC, global automotive fastener market is poised to witness significant growth over 2020-2026.
Increasing adoption of lightweight automotive materials in vehicles and easy availability of raw materials are the factors majorly propelling growth of global automotive fastener market.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2640086/?utm_source=Marketwatch.com&utm_medium=AN
Also, increasing utilization of the product for manufacturing operations in China and high demand from Europe are contributing to the growth of global automotive fasteners market. However, high prevalence of COVID-19 pandemic and slowdown in automotive industry in recent times are restraining the industry growth.
Highlighting the products available, global automotive fastener industry is bifurcated into threaded and non-threaded fasteners. Threaded fastener segment is further divided into washers, nuts, and bolts. Among them, the screw segment is the most popular in recent times and is likely to witness growth in coming years.
With respect to materials, global automotive fasteners market is categorized into steel, plastic, and others. Among these, the plastic segment is gaining popularity in the automotive industry owing to its beneficial properties such as resistance to chemical & acid, high tolerance towards humidity and water, and non-conductivity. Further, low requirement of maintenance and repairs for plastic fasteners is also fueling its segmental growth.
Speaking of geographical landscape, LATAM automotive fasteners market contributed 5% of the market share in 2019 and is poised to witness appreciative gains in coming years. Meanwhile, MEA region is likely to capture 3% of the industry share during the forecast time period.
Major players influencing global automotive fastener market trends are Fontana Group, Bulten AB, SFS Group AG, Sundram Fasteners Limited, KOVA Fasteners Pvt. Ltd., Kamax Group, Shanghai Prime Machinery Company Limited, Illinois Tool Works Inc., Agrati Group, Changshu City Standard Parts Factory, Sterling Tools Limited, Meidoh Co. Ltd., and Westfield Fasteners Limited.
Question & Answer: Global Automotive fastener Market
Question 1: What are the key factors driving the growth of global automotive fastener market?
Answer: Increasing adoption of lightweight automotive materials in vehicles and easy availability of raw materials are the factors majorly propelling growth of global automotive fastener market.
Question 2: Why is global automotive fastener market from plastic material type segment witnessing constant expansion?
Answer: Several beneficial properties of plastic fasteners such as high tolerance to humidity and water, non-conductivity, and resistance to chemical & acid is boosting its segmental growth.
Question 3: Which companies formulate the competitive landscape of global automotive fastener market?
Answer: Fontana Group, Bulten AB, SFS Group AG, Sundram Fasteners Limited, KOVA Fasteners Pvt. Ltd., Kamax Group, Shanghai Prime Machinery Company Limited, Illinois Tool Works Inc., Agrati Group, Changshu City Standard Parts Factory, Sterling Tools Limited, Meidoh Co. Ltd., and Westfield Fasteners Limited are the major companies in global automotive fastener market
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
Email: [email protected]